Analysis :
Scenarios:
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
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- Price inside descending channel,
- Price trying to break our resistance line,
- Cypher Harmonic pattern Confirmed.
Scenarios:
Sell :
- Wait For break bellow our support line,
- Wait for the price to bounce on our support line which become resistance,
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Inside bar etc,
- Initiate Sell order,
- Targets are TP1 to TP3,
- SL bellow the resistance Area .
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.